India is likely to remain the fastest-growing major economy in the world in 2024 on the back of strong consumer demand leading to a pick up in investment across sectors such as construction, hospitality and infrastructure including railways and aviation, Assocham said on Thursday. India retained the tag of the world’s fastest-growing major economy, with […]
ITC share price has jumped about 50% in the last year, but the stock may get a setback if the government raises tax on cigarettes in the upcoming Union Budget 2023. Brokerage firm Prabhudas Lilladher expects a 5-10% hike in cigarette excise duty in Union Budget 2023. Note that the last tax hike was announced […]
By Roop Bhootra The Indian equity markets and corporate sector have shown a tremendous recovery in the just concluded financial year and have successfully staged a recovery from the Covid induced lockdowns and restrictions. The growth was both led by increase in volumes and value as the economy gradually unlocked during the year. The resilience […]
A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia. Since the Organization of Petroleum Exporting Countries started managing supplies more actively in 2017, member states have privileged flows to Asia at the expense of countries like the US. Last year, 70% of […]
India’s gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22. The growth rate in the imports was in the […]
By Dharmesh Shah NSE Nifty 50 index started the previous week on a subdued note, however, buying demand emerged in the vicinity of 200 days EMA that helped index to recoup intra-week losses and subsequently surpassed our intermediate target of 17000. The weekly price action formed a bull candle carrying a higher low over the […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 24 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
The rupee declined by 36 paise to close at 82.87 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows from the capital markets. Risk aversion sentiment among investors ahead of the US Federal Reserve’s interest rate decision also impacted trading, forex dealers said. It finally settled at 82.87, down 36 […]
Benchmark indices BSE Sensex and NSE Nifty gained in trade on Tuesday, as Sensex rose 0.84% or 507 points to trade at 60,938 while Nifty advanced 129 points, giving up the 17,899.95 level. Adani Enterprises, Adani Ports, Reliance Industries, SBI, ICICI Bank are the most active Nifty 50 stocks intraday. Nifty 50 Gainers and Losers […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 31 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
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